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MGen abandons bid to acquire CBK, claims GEAP complicates pricing the property
Manila Electric Co. subsidiary Meralco PowerGen Corp. (MGen), initially interested, has dropped its bid to acquire the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna that the Power Sector Assets and Liabilities Management Corporation (PSALM) aims to sell through public bidding.
DA sets up livestock checkpoints to prevent diseased hogs transport, stop rapid ASF spread
The Department of Agriculture will set up several livestock checkpoints across Luzon in response to the rapid spread of African Swine Fever in Batangas suspected to have been exacerbated by unscrupulous hog traders selling diseased pigs.
Maharlika Investment eyes infrastructure projects of Clark International Airport Corp.
Maharlika Investment Corp., manager of the country’s first sovereign wealth fund, and Clark International Airport Corp. on Friday signed a memorandum of understanding to...
Philippine economy shows resilience amid challenges, expands at faster 6.3% in 2Q
The Philippine economy accelerated in the second quarter of 2024, fueled by strong performances in services and industry, which generated more jobs to sustain consumer spending to more than compensate for a downturn in agriculture caused by El Niño.
Jobless rate eases to 3.1 percent in June; unemployed lower at 1.62 million
The unemployment rate eased to 3.1 percent in June, down from 4.1 percent in May and 4.5 percent in the same month last year, helped by greater job availability in construction, wholesale and retail, manufacturing, transportation, and hospitality, the Philippine Statistics Authority said Wednesday.
